This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $94,797 initial cash invested.
-2.05%
Cash On Cash
6.14%
Cap Rate
0.99
DSCR
$3,459
Rent
-$162
Cashflow
Cash Flow
$3,459 income − $3,621 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,797
Downpayment
20%
$73,140
Closing costs
1%
$3,657
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,459
Total Expenses
$3,621
Mortgage P&I
55%
$1,896
Property Taxes
12%
$417
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380